Need More Time to File Your Taxes? Here's How to Get an Extension
Don't Panic if You Can't Make the April 18th Deadline
If you're like most people, you probably don't relish the thought of doing your taxes. But if you find yourself scrambling to get your return done by the April 18th deadline, don't panic. You can file for an extension of time to file your return, which will give you until October 16th, 2023, to file your taxes.
How to File for an Extension
You can request an extension of time to file your taxes by filing Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return, with the IRS. You can file this form by mail, online, or through a tax professional. You only need to provide basic information on the form, such as your name, address, and Social Security number.
Once you have filed Form 4868, you will have until October 16th, 2023, to file your tax return. However, it's important to note that an extension of time to file is not an extension of time to pay. If you owe taxes, you must pay them by the April 18th deadline.
What if I Can't Pay My Taxes by the Deadline?
If you can't pay your taxes by the April 18th deadline, you can request an installment agreement with the IRS. An installment agreement will allow you to pay your taxes over time. To request an installment agreement, you will need to contact the IRS and provide them with information about your financial situation.
Filing your taxes can be a daunting task, but it's important to remember that you're not alone. The IRS is there to help you, and there are a number of resources available to help you file your taxes correctly and on time.
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